More Topics:
Riverview Club Hosts Packed Event Shedding Light on the Affordability of Homeownership
Posted December 6, 2011
We Recommend...
Rent-to-Own Program and Attractive Financing Converts Large Percentage of Renters to Buyers at Exclusive Yonkers Condo
Yonkers, NY - Riverview Club, Westchester's premier waterfront condominium located in the quiet Greystone neighborhood of northern Yonkers, held a seminar recently for renters and participants in its unique rent-to-own program - a growing trend in the New York metropolitan area. The program allows current renters and first-time buyers to ease into purchasing a home after "test driving" it. In addition, buyers receive a credit for six months of rental payments, which facilitates homeownership at a time when many consider it unaffordable.
The informational session featured mortgage veteran Karl Panthen of Wells Fargo, who weighed in on the current real estate financing market and shared some recent anecdotes, including a deal he locked in for a client at a rate of just over two percent. Panthen commented that he has not seen rates this low in his more than 25 years in the industry. The numbers, he said, are evidence that the current market is a buyer's dream.
"Riverview Club is such a unique project offering a variety of financing options," Panthen noted. "The property is approved by both the Federal Housing Administration (FHA) and Federal National Mortgage Association (FNMA), which allows purchasers to receive the very best rates and the lowest down payment possible."
To date, approximately 40 percent of the purchasers at Riverview Club were originally rental tenants at the property.
Guests also heard from Gay Prizio of Houlihan Lawrence, as well as Randi Kahn and Jeff Bookman of River Hill Residential, LLC, sponsors of Riverview Club. Kahn and Bookman discussed the perks of purchasing a home that residents already love, in a neighborhood with which they are already familiar. Prizio made the point that recent statistics show that values in southern Westchester appear to have stabilized.
The seminar provided first-time buyers with the facts and know-how necessary to make educated property-related decisions. In addition, Prizio, stating, "numbers don't lie," demonstrated that it's less expensive to own than rent at Riverview Club by providing an example of a $264,000 one-bedroom home. With only a ten percent down payment on the home, the total net monthly payment amounts to $1,325, she explained, which leads to a $300 saving when compared to the current monthly rent of $1,625.
Riverview Club hosted last week's seminar in The Clubroom, one of the property's many five-star amenities. In addition, Riverview Club offers a state-of-the-art fitness center, oversized pool with cabanas and 24-hour concierge service. The Clubroom features a fireplace, pool table, flat screen TV and serving kitchen. Residences range between $180,000 and the mid-$500,000s, with a variety of units from studios to three-bedroom homes. Bathrooms boast a contemporary sliding glass shower stall and espresso wood vanity, while kitchens feature granite countertops, GE stainless steel appliances and a choice of three different finishes. Outfitted with Carrera marble floors, every residence features a magnificent balcony with expansive, breathtaking views of the Hudson River.
For more information regarding Riverview Club, contact Staci Zampa at (914) 965-6360 or e-mail info@riverviewclub.com.
Onsite Sales Office: 1155 Warburton Avenue, Yonkers, NY 10701
Open: Saturday and Sunday: 11 a.m. to 4 p.m.
Monday, Wednesday and Friday: 10 a.m. to 4 p.m.
Thursday: 11 a.m. to 7 p.m.
Other times by appointment
For more information, please visit www.RiverviewClub.com.
ABOUT RIVER HILL RESIDENTIAL, LLC
For more than 30 years, River Hill Residential, LLC and its principals have specialized in providing high-quality, conveniently located and affordable residences to their customers. Over the past decade, River Hill has enabled thousands of New York area residents to realize the dream of owning their own home.
blog comments powered by